Patrick Hughes, owner of two bars “Hellcat Annie’s and Scruffy Duffy’s”, has put them up for sale for Bitcoin or Ethereum. Specifically, 800 ETH or 25 BTC.
“I hope to catch one of these guys with cryptocurrencies who always wanted to have a bar.” And, he noted that he has put up a sign up front to attract curious potential buyers.
By the way, Hughes, 56, is a native of Queens, and now resides in Ho-Ho-Kus, NJ. In fact, his family has been in the Manhattan bar business since 1970.
It is also true, that fueled by mounting debt and fears of a devalued US dollar. Hughes is among countless investors, institutions, and ordinary Americans, who see cryptocurrency as a legitimate alternative to the dollar.
I sell them for Bitcoin or Ethereum
According to a New York Post report, Hughes will accept cryptocurrency payments in the form of Ethereum (ETH) or Bitcoin (BTC) for the sale of Hellcat Annie’s and Scruffy Duffy’s. Located on 10th Avenue in New York City.
Also, a sign in front of the bars indicates that the sale price is 800 Ethereum or 25 Bitcoins, for both properties. Currently, with an approximate value of one million dollars.
According to Charles Cascarilla, CEO of Paxos Trust Company, he commented: “I am not aware of any other bar or restaurant that has been sold for cryptocurrency alone. But, more and more people see cryptocurrencies as a monetary instrument.
In this regard, Patrick Hughes said: “Cryptocurrencies are on fire. It’s a hot coin.
Consequences of the pandemic
Before the pandemic, Patrick Hughes employed 50 people in his two bars. Now, it has five to six people. However, he said it has survived better than many, largely due to being closed for most of 2020.
With this in mind, Hughes confirmed that it reopened Hellcat Annie’s in November 2020, with an open-air cabana on 10th Avenue, and said that bar sales have almost returned to pre-pandemic levels.
However, Scruffy Duffy’s remains closed pending the return of the indoor dining room.
Without a doubt, if the bars are sold, for Bitcoin or Ethereum, he hopes to move south, with his wife and three children. Luckily, Hughes said he has received a few casual inquiries. But, trust that you are on the right side of the story.
As a curious fact, he expressed: «In the next crisis, you will not have to run and buy toilet paper. Instead, you can use your dollars.
Finally, the sale of Hellcat Annie’s and Scruffy Duffy’s could mark a significant new chapter. And thus, supporting further growth and adoption of cryptocurrencies in the United States and globally.
I say goodbye with this phrase from Stan Rapp: «Making a sale is important. But achieving customer happiness is vital. “
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